AIM Eastern Europe Fund Announces Results of Its Repurchase Offer; Important Information for Shareholders of the AIM Eastern Europe Fund.HOUSTON--(BUSINESS WIRE)--April 26, 1999-- AIM Eastern Europe Eastern Europe The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991. Fund (NYSE NYSE See: New York Stock Exchange : GTF GTF glucose tolerance factor. ) announces the number of shares to be repurchased and pro-ration percentage to be applied with respect to the Fund's recent repurchase re·pur·chase tr.v. re·pur·chased, re·pur·chas·ing, re·pur·chas·es To buy (something) again. n. The act of buying something that one previously sold or owned. Noun 1. offer for shares of beneficial interest. The repurchase offer and withdrawal rights expired on April 16, 1999. The repurchase offer made by the Fund was for up to 10% of its outstanding shares, representing 651,643.42 Fund shares outstanding immediately prior to the repurchase offer. 3,394,974.535 shares were validly tendered and not withdrawn prior to the expiration EXPIRATION. Cessation; end. As, the expiration of, a lease, of a contract, or statute. 2. In general, the expiration of a contract puts an end to all the engagements of the parties, except to those which arise from the non- fulfillment of obligations created of the Fund's repurchase offer. The final pro-ration calculations resulted in 18,498.603 odd lot shares and 3,226,298.932 non-odd lot shares validly tendered. Under the final pro-ration, 19.62468% of the non-odd lot shares tendered were accepted for payment. The shares accepted for tender will receive cash at a repurchase offer price equal to their net asset value as of April 30, 1999, less a repurchase fee of 2%. Cash payment for the repurchased shares will be issued on Friday, May 7, 1999. All shares tendered and not repurchased by the Fund will be returned to shareholders as promptly as practicable. After the repurchase offer, the Fund will have approximately 5,864,784 shares outstanding. AIM Eastern Europe Fund is a closed-end investment company closed-end investment company: see mutual fund. . For further information concerning the Fund and its repurchase offer, please contact the above or Shareholder Communications Corporation, the Fund's information agent at 1-800-433-2279. |
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